SUMMER OFFICIALLY IS UPON US, AND THE COIN MARKET IS FIRING ON ALL CYLINDERS

Since we are between coin shows, there is not a lot of road activity to talk about. However, we do get a fairly good read on the market from our home office. We are hearing some of the typical summertime blues from the wholesale traders, but that activity (or lack of) is more seasonal than a market bi-product. Our inventory levels are pretty solid, and we feel at this time of year, this is the norm rather than the exception. Hence, the slowdown on the wholesale side. The retail sector is anything but dormant. Sales to collectors have remained strong since the spring. We are coming off of a very solid June and entering July with near-equal momentum. A positive trend that we are noticing is the resurgence in demand for more expensive coins. Prices in many series have been in a downward trend for the last 2-3 years. We may finally see this trend reversing itself. We like what we see going into this summer, and are cautiously optimistic, that the market should remain solid if not even strengthen. Next week’s summer FUN show, and more importantly The ANA World’s Fair of Money in Philadelphia, will both put this theory to the test.